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Tim Sawatzky
Owner and Realtor® @ 2 Percent Realty West Coast. Urban Development, increase housing supply. Fair fees. Vancouver, South Surrey, Fort Langley.
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Tim Sawatzky 11h
Replying to @vanreanalyst
Solid guy. He played a big part in making Fort Langley the town it is today. Over spent on high quality commercial development in the Village that put the future of the town before profits. Started a foundation. Small group against, but he making a huge difference in Langley.
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Tim Sawatzky retweeted
RateSpy.com 🇨🇦 Sep 22
Thanks in part to bond purchases, mortgage shoppers are locking in at record low rates. But, what happens when the BoC stops buying?
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Tim Sawatzky Sep 24
So a “less then 7% drop in Vancouver and area.” Where I work, SFD prices are up 15-20% .... what is your advice to the people that listened to CMHC (18% drop) and tried to time the market? We have many buyers now priced out. 👏
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Tim Sawatzky Aug 12
Expanding the wealth gap further. Wealthy investor clients have a huge upper hand on offers. Extremely difficult for FTHB to compete.
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Tim Sawatzky Aug 5
Replying to @ewsiddall
I would love for prices to come down, we have a line up of buyers ready to go. Unfortunately won’t be happening any time soon in . All the realtors I know prefer to work in a balanced market (want more inventory/supply). Wrong again with your assumptions.
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John Pasalis Aug 4
The Greater Fool who told a generation of home buyers not to buy a home in 2006 (when homes were only 4X household income) because a terrible crash was around the corner now says there is a 0% chance that home prices will crash. It's remarkable anyone still listens to this clown
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Tim Sawatzky Aug 3
Replying to @vanreanalyst
Even Garth Turner seems more bullish these days (“no crash in desirable markets”) .... I don’t think his die hard fans are happy.
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Richard Wittstock Jul 27
Lumber prices have doubled since April. Great if you're an investor, terrible if you're a homebuilder!
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Tim Sawatzky Jul 24
Replying to @vanreanalyst
Exactly, sad thing is we have had clients take Siddall’s comments as fact for their market.Their buying opportunity is now gone(priced out and no inventory).Don’t think the Siddall’s and MacBeth’s of the world realize how much their words can negatively impact a Canadian family.
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VanREanalyst Jul 24
In all honesty, I don’t see how CMHC’s prediction adds any value to this ongoing price discussion. How could a NATIONAL AVERAGE price prediction be of any value to any of us? It is fraught with so many variables and inputs, rendering it essentially worthless.
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Tim Sawatzky Jul 20
Bold predictions, will check back in a year.
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VanREanalyst Jun 27
From 2014. Had you listened to this guy and not bought your entry level condo, you would have foregone 100s of thousands of tax-free dollars.
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RateSpy.com 🇨🇦 Jun 8
• Canada Guaranty Bucks CMHC rule changes • More on the types of down payments CMHC will allow • A first for reverse mortgage rates • Mortgage brokers in overdrive
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Tim Sawatzky Jun 7
Replying to @hmacbe
When is soon for ? Long term, prices will always go up in Lower Mainland, BC. Most markets here have gone up 100% since your bubble burst predictions. We have some clients up 10-20% from winter 2018/2019 lows. Agents in multiple offers today. I am sure Alberta is different.
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Tim Sawatzky Jun 7
Replying to @vanreanalyst
Strengthening in the market continues for now. Seeing some surprising sale prices as well. I was just in multiples in Harrison Hot Springs of all places 😂. Wish there was more supply.
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Tim Sawatzky May 23
Replying to @roller2003
Seems like a mix. Lots of millennials at these price points. Not sure the rush, low interest rates? Low inventory doesn’t help.
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Tim Sawatzky May 23
Replying to @CheleNik
Under 850k is pretty tight in Langley
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Tim Sawatzky May 23
The market is 🔥 in the Fraser Valley detached market. Heard of a listing that got 100 inquiries the first week for entry level Langley detached. One of our agents is in multiples in Abbotsford with 8 offers around 800k mark. Not enough listings.
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Tim Sawatzky retweeted
Global BC May 9
101-year-old B.C. retail institution Army & Navy announces permanent closure. Company closed temporarily in March due to , but says economic challenges of reopening "have proven insurmountable." (Photo: Army & Navy)
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Tim Sawatzky May 6
Likewise for our brokerage. More this last week then the last two months combined.
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